Singapore ramps up investment in Dong Nai

(ĐN)- Singapore is currently the top foreign investor in Dong Nai’s industrial zones in 2024, contributing nearly USD 234 million, or about 35% of new FDI inflows into the province this year. With more than 110 active projects, Singapore now ranks fourth overall among foreign investors in Dong Nai, with total registered capital approaching USD 4 billion.

Party Secretary Nguyen Hong Linh talks with Singapore Consul General in HCM city Pang Te Cheng during a courtesy meeting in July 2024

The province’s growing appeal was reinforced by the launch of key projects, including SLP Park Loc An – Binh Son, a high-tech two-storey warehouse facility developed by GLP, a Singapore-headquartered logistics and real estate giant. With USD 121 million in registered capital, the project is expected to start operations in Q4 2025 and play a critical role in Vietnam’s e-commerce logistics landscape.

According to Pang Te Cheng, Singapore’s Consul General in Ho Chi Minh City, Dong Nai continues to attract significant attention from Singaporean firms due to its improving investment climate, strategic location, and a series of megaprojects such as Long Thanh International Airport, the HCM City – Long Thanh – Dau Giay expressway, and future highway links including Ben Luc – Long Thanh and Bien Hoa – Vung Tau.

Speaking during a recent meeting with the Consul General, Secretary Nguyen Hong Linh of the Dong Nai provincial Party Committee, emphasized the province’s strategic direction: high-value, technology-driven industrial development and deeper participation in global supply chains. He also pointed to Dong Nai’s vast potential in high-tech and organic agriculture, particularly in districts like Tan Phu, Dinh Quan, and Xuan Loc.

In addition, Phuoc An Port, capable of handling 60,000-ton vessels, is expected to enhance the province’s logistics competitiveness. Looking ahead, Dong Nai is actively improving its regulatory environment to attract green, high-quality capital, aligning with its long-term vision for sustainable and circular economic growth as outlined in its 2021–2030 master plan, with a vision to 2050.

With Singaporean investors increasingly eyeing sectors such as semiconductors, digital economy, artificial intelligence, and sustainable food processing, Dong Nai is positioning itself as a vital node in Vietnam’s next phase of FDI-led growth.

Reported by N.L